Castle: Automating Bitcoin for Small Businesses with Stephen Cole | SLP671
In this episode, Stephan reconnects with Stephen Cole to discuss the evolving landscape of Bitcoin, particularly focusing on the rise of Bitcoin treasury companies and the launch of Castle, a new venture aimed at automating Bitcoin treasury management for small and medium businesses. They explore the implications of Bitcoin adoption for small businesses, the importance of hard tech, and the potential for Bitcoin to serve as a foundational asset for future innovations. The conversation emphasizes the need for businesses to adapt to sound money principles and the role of technology in facilitating this transition.Takeaways🔸Companies upgrading to sound money is a positive trend.🔸Castle aims to automate Bitcoin treasury management for SMBs.🔸Dynamic strategies for Bitcoin acquisition can adapt to revenue fluctuations.🔸Small businesses can benefit from Bitcoin as a savings asset.🔸The failure rates of small businesses highlight the need for better financial strategies.🔸Hard tech and sound money are interconnected for societal progress.🔸Bitcoin's supply predictability offers unprecedented security for wealth.🔸Investing in Bitcoin can empower small businesses against inflation.🔸The acceptance of Bitcoin as a balance sheet asset is increasing.🔸The future of venture capital may include Bitcoin-denominated contracts.Timestamps:(00:00) Intro(03:05) The Rise of Bitcoin Treasury Companies(04:30) Stephen’s background and introducing Castle(08:52) Castle's Unique Approach to Bitcoin Treasury Management(12:02) Automation and Integration for Small Businesses(15:04) Sponsors(20:00) Bitcoin adoption amongst Small Businesses(25:00) Business Failure Rates under the Fiat Standard(30:00) Ideology or Technology?(32:23) The Challenge of Outperforming Bitcoin(33:27) Sponsors(35:15) Bitcoin denominated investing(39:55) Should early stage start ups hold Bitcoin in Treasury?(45:20) Hard Tech and BitcoinLinks: https://x.com/sthenchttps://x.com/orqestraio https://savewithcastle.com/aboutSponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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53:26
The Quantum Threat to Bitcoin explained with Clara Shikhelman and Anthony Milton | SLP670
Clara Shikhelman Head of Research at ChaincodeLabs and Anthony Milton join me to explain the quantum threat to Bitcoin and possible mitigations:Timestamps:(00:00) Intro(02:46) Understanding Quantum Computing and Bitcoin Security(05:42) The Impact on Bitcoin Private keys(08:34) Mining and Quantum Computing(10:50) How many coins are vulnerable? (14:00) Bitcoin script types(19:37) Sponsors(21:25) Immediate call to action - stop address re use(25:20) What do we do if a QC appears? Burn vs Steal(34:00) Short Range vs Long Range Quantum attacks(37:04) Sponsors(41:25) Mitigating Quantum Threats: CDR and QRAMP Schemes(47:09) Selecting Quantum Resistant Algorithms(53:18) The Dual Track Approach to Quantum Security(57:38) Summary and closing thoughtsLinks: Report: https://chaincode.com/bitcoin-post-quantum.pdf Site: https://pq-bitcoin.org/https://x.com/ozdeadmanhttps://x.com/ClaraShikSponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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1:03:08
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1:03:08
Banking for Bitcoiners with Bold with Zack Pardey | SLP669
Zach Pardey, CEO and co-founder of Bold, a Bitcoin-focused banking platform, discusses Zach's journey into the Bitcoin space, the societal issues stemming from fiat systems, and how Bitcoin can serve as a solution. The conversation delves into the integration of Bitcoin with traditional banking, the unique offerings of Bold, including Bitcoin rewards and self-custody options, and the emerging trend of Bitcoin treasury companies. Zach emphasizes the importance of self-custody and the need for financial education in the Bitcoin space.Takeaways🔸Zach Pardey's background in engineering and business led him to Bitcoin.🔸San Francisco's societal decay influenced Zach's views on fiat systems.🔸COVID-19 highlighted the failures of government responses and fiat control.🔸Bitcoin serves as a solution to the problems created by fiat currency.🔸Integrating Bitcoin with traditional banking is essential for mainstream adoption.🔸Bold offers a Bitcoin-only banking platform with unique rewards.🔸Self-custody is crucial for Bitcoin holders to ensure security.🔸Bitcoin treasury companies are a growing trend in institutional adoption.🔸Maintaining some fiat is important for psychological resilience during volatility.🔸Education and tools are needed to help new users adopt Bitcoin.Timestamps:(00:00) Introduction to Bold and Bitcoin(02:18) Zach's Journey to Bitcoin and Observations in San Francisco(05:55) The Impact of Fiat Systems on Society(13:11) Bitcoin as a Solution to Fiat Problems(18:11) Sponsors(19:14) Integrating Bitcoin with Traditional Banking(25:17) Bold's Unique Offerings and Services(31:19) Sponsors(33:05) Self-Custody and User Experience with Bold(42:09) Bitcoin Treasury Companies and Their Impact(52:07) Final Thoughts and Future of BitcoinLinks: https://x.com/ZacharyPardeyhttps://x.com/BoldBitcoinSponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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1:01:47
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1:01:47
The Sovereign Child: A Libertarian Approach to Parenting? with Aaron Stupple | SLP668
In this episode, Aaron discusses his book 'The Sovereign Child' and his unique approach to parenting, which is influenced by libertarian philosophy and the ideas of David Deutsch. Stupple emphasizes the importance of understanding children's reasons for their behavior rather than imposing authoritarian discipline. He advocates for a parenting style that maximizes freedom and autonomy while still providing guidance and support. The conversation also explores the importance of allowing children to make their own choices, particularly regarding food and screen time. He emphasizes the need for parents to create an engaging environment that fosters autonomy while also ensuring safety. The discussion further covers the balance between providing structure and allowing freedom, the misconceptions surrounding screen time, and the critical role of trust in parent-child relationships.Takeaways🔸Aaron Stupple's journey into parenting philosophy began with his interest in David Deutsch's ideas.🔸The book 'The Sovereign Child' presents a libertarian approach to parenting.🔸Parenting should not be authoritarian but rather supportive and understanding.🔸Understanding a child's reasons for their behavior is crucial for effective parenting.🔸Politeness in children should be taught through understanding, not fear of punishment.🔸The philosophy emphasizes the importance of autonomy in childhood development.🔸Children should be allowed to explore their preferences and make choices.🔸Brushing teeth can be made fun and engaging to encourage good habits.🔸Parents should focus on the reasons behind a child's actions rather than just the actions themselves.🔸Taking children seriously means valuing their reasoning and perspectives. Taking no for an answer is crucial in parenting.🔸Creating appealing choices for children encourages voluntary participation.🔸Children learn best when they feel they have agency.🔸Food restrictions can lead to binge eating when access is granted.🔸Trust is essential for open communication between parents and children.🔸Children need to understand the reasons behind rules for better compliance.🔸Screen time should not be viewed as inherently harmful.🔸Parents should guide rather than control their children's choices.🔸Engaging children in fun activities can prevent risky behavior.🔸Building a strong bond of trust leads to healthier relationships.Timestamps:(00:00) - Intro(00:39) - Aaron’s background & influence of David Deutsch’s school of thought (03:59) - How does a libertarian approach shape parenting? (07:20) - Practical applications of parenting philosophy(10:58) - Should discipline be imposed on children? (14:41) - ‘Taking Children Seriously’ - what does it mean?(19:07) - Sponsors (21:08) - Addressing reasons behind children’s behavior; A child’s autonomy of choices(26:52) - The struggle between choices & restrictions (29:55) - Balancing between safety and freedom of choice(32:36) - Sponsors (33:43) - The myths & realities of reducing screen time (41:00) - Why is building trust with your children important for open communication?Links: https://x.com/astupple https://www.thesovereignchild.com/ Sponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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49:49
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49:49
MEV, Censorship & Why We Need To Save Our Wallets with Matt Corallo | SLP667
Stephan & Matt discuss the ‘Save Our Wallets’ campaign, which aims to protect non-custodial wallets from regulatory challenges posed by the U.S. government. He highlights the legal risks developers face due to broad interpretations of regulations and the potential consequences of future administrations. The importance of advocacy for legislative change, user engagement, and improving user experience in Bitcoin transactions are emphasized. Additionally, the conversation touches on the implications of AML and FATF regulations, the evolution of wallet technologies, and the need for research into Miner Extractable Value (MEV) in Bitcoin. They also discuss various aspects of Bitcoin and Ethereum, focusing on the implications of MEV (Miner Extractable Value), the risks of mining centralization, and the importance of investing in solutions rather than relying on consensus changes. They explore the challenges posed by private order flow, the philosophical differences in Bitcoin development, and the future of Bitcoin Core and node adoption.Takeaways🔸The Save Our Wallets campaign aims to protect non-custodial wallets from regulatory overreach.🔸Legal challenges are arising for developers of non-custodial wallets due to broad interpretations of money service business regulations.🔸The DOJ's actions against Samurai Wallet highlight the risks for privacy-focused services in the cryptocurrency space.🔸Future administrations may pose additional risks to non-custodial wallets if laws are not changed.🔸Advocacy efforts are crucial to push for legislative changes that protect non-custodial wallets.🔸User engagement is essential for demonstrating public support for non-custodial wallet protections.🔸AML and FATF regulations create risks for users and developers in the cryptocurrency space.🔸User experience in Bitcoin transactions remains a significant barrier to adoption.🔸The development of graduated wallets could improve user experience and security for Bitcoin users.🔸Research into MEV (Miner Extractable Value) is necessary to understand and mitigate risks in Bitcoin. Investing in solutions is preferable to consensus changes.🔸MEV is seen as an inevitable challenge in blockchain.🔸Mining centralization poses significant risks to Bitcoin's future.🔸Private order flow can lead to worse price execution for users.🔸Relay policy can nudge users towards better practices.🔸Philosophical differences exist in Bitcoin development approaches.🔸Decentralizing block template creation is crucial for Bitcoin's health.🔸Layer 2 solutions like Lightning are essential for scaling.🔸Regulatory protection is necessary for non-custodial wallet developers.🔸The future of Bitcoin Core depends on community engagement and adoption.Timestamps:(00:00) - Intro(00:43) - What is the ‘Save Our Wallets’ campaign? (07:00) - What is the role of FinCEN & DOJ in regulation(10:25) - Save Our walets advocating for legislative changes (20:22) - The importance of CLARITY Act(23:26) - What are the broader implications of AML & FATF regulations? (27:42) - The challenge of bad user experience for onboarding masses to Bitcoin(32:21) - Innovations in Bitcoin wallets; BIP 353 - DNS Payment Instructions(40:36) - Understanding MEVil risks in Bitcoin(48:05) - Mitigating MEVil risks in Bitcoin(59:25) - Mining Centralization and Profitability(1:12:22) - Comparing RBF debates to the current relay policy debates(1:21:48) - Philosophical differences in Bitcoin governance(1:31:11) - Will Bitcoin core remain the dominant implementation?(1:34:00) - Trusted & non-trusted Layer 2 solutions (1:41:40) - Closing thoughtsLinks: https://x.com/TheBlueMatt https://bluematt.bitcoin.ninja/ https://saveourwallets.org/https://bitcoinmagazine.com/technical/mevpool-the-best-bandaid-we-have-for-mev Sponsors:Bold BitcoinCoinKite.com (code LIVERA)Lana by GaloyStephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
Join Stephan as he interviews the sharpest economic and technical minds in Bitcoin & Austrian Economics to help you understand how money is changing and evolving. Leading names in the world of Bitcoin join the show to share their insights, whether they are developers, CEOs, economists, authors, analysts and more.
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